Onyx Odds is a mobile-only social sportsbook that started operating in 2024. It offers over seven sports markets and promises numerous benefits for players. However, before signing up here, it is wise to learn about the Onyx Odds redemption process.
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Onyx Odds Highlights
- 8+ sports for social betting
- Pre-game and live markets
- Odds with under 5% vigorish
This is because the redemption process on social sportsbooks can sometimes be too complex, which can be frustrating. Our guide will evaluate how Onyx Odds performs when redeeming prizes. We will also cover the steps to begin the redemption process, the T&Cs, and more. Once done, you’ll have everything you need to decide if it is worth registering here.
Spend $10 Get 200 in Bonus Picks
Onyx Odds Highlights
- 8+ sports for social betting
- Pre-game and live markets
- Odds with under 5% vigorish
Pros and cons of redeeming prizes at Onyx Odds
Pros and cons
- Low 20 Onyx Cash redemption minimum
- Simple redemption process
- Chance to redeem real money prizes
- Only ACH banking is supported
How does the Onyx Odds redemption process work?
The first step to understanding the Onyx Odds redemption process is learning how the social sportsbook operates. Onyx Odds is a social sportsbook that operates in accordance with the sweepstakes model.
Instead of playing with regular cash, you make predictions on sports events using virtual currencies, which are Onyx Coins and Onyx Cash. You get these for free, and there’s no purchase necessary to make picks or predictions on this platform.
Here’s a look at how these virtual currencies work:
Onyx Coins
You use these for entertainment purposes only and have no other value on the platform. They are equivalent to Gold Coins used on other social sports betting platforms. This makes them a great option if you are about to break into a new social sports market you know nothing about. You typically find them more frequently than the Onyx Cash and in larger numbers.
The Onyx Coins can’t be redeemed for real money prizes, but the operator gives you the option of topping up your balance by purchasing an Onyx Coin bundle if you want. You also get more for making correct predictions and participating in bonuses and promotions at Onyx Odds.
Onyx Cash
These are promotional virtual currency and are the same as Sweeps Cash available on other social sportsbooks. Onyx Cash is not as easy to find, but it can be redeemed for real money prizes after meeting the social sportsbook's requirements.
Unlike the Onyx Coins, you can’t purchase more if you run out. Nonetheless, you can top up your balance by making correct predictions and participating in bonuses and promotions. In most cases, the operator will also give you extra Onyx Cash as a bonus every time you purchase an optional Onyx Coin bundle.
If you want to learn more, we recommend you read our
new guide on Onyx Odds. Here, we cover everything from the virtual currencies and sports markets you can use them on.
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1,000 Onyx Coins
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Onyx Odds Redemption: What do you need to start the process?
As mentioned earlier, you can redeem your Onyx Cash for real money prizes. However, there are some terms and conditions you will need to keep in mind before you can redeem Onyx Odds prizes.
Keep reading as we take you through the most important ones.
Only bettors who are at least 18 years of age can register for an account and redeem prizes at Onyx Odds. If you manage to bypass this and register for an account, you will be found out during verification and lose any bonus and winnings accrued. Therefore, if you are less than 18, it's best to find an alternative.
💰 Minimum Onyx Cash Requirement
You will need to have a minimum of 20 Onyx Cash before you can start the Onyx Odds redemption process. This is fair, considering that many platforms require you to have between 50 and 100 Sweeps Coins or the equivalent in winnings before you can redeem prizes.
🔄 Playthrough Requirement
Getting up to 20 Onyx Cash is only half the task, as you will still need to use them to make predictions at least once before they are eligible for redemption. We also find this reasonable and in line with the industry standard.
Onyx Odds is legal in more states than many traditional online sportsbooks. However, it is still restricted in many states, including Alabama, California, Colorado, Connecticut, Idaho, Illinois, Indiana, Louisiana, Maryland, Maine, Michigan, Montana, New Jersey, Nevada, New York, Tennessee, Washington, and West Virginia. Before you can redeem winnings from your Onyx Odds bonus, you will need to be in one of the legal states. It is best to check the terms and conditions page to confirm whether you are in a legal region before registering for an account.
Onyx Odds, like other
top social sportsbooks, will require you to have a fully verified account before you can redeem prizes. This will require you to provide your full name, date of birth, and a valid phone number. You’ll also have to provide a valid government-issued ID and utility bill before you can proceed.
Getting Onyx Cash to start the Onyx Odds redemption process
Onyx Odds does not add free Onyx Cash to your welcome bonus. Since you can't top up your balance by purchasing an Onyx Cash bundle, which doesn't exist, you will need to look for other ways to do so. Fortunately, many
Onyx Odds bonus
offers help you do this, and we have broken them down in the table below.
| Onyx Odds Bonus | What you get | How to claim |
| Mail-in bonus | 5 Onyx Cash per eligible mail | Send a handwritten mail to Onyx Odds with your request, following the requirements on the Sweepstakes rules page. |
| First purchase bonus | Up to 25 Onyx Cash | Purchase one of the optional Onyx Coins bundles, and you will receive bonuses in Onyx Cash. |
As you can see, the options are limited with the operator lacking a daily login bonus and a VIP program, which is the norm on other platforms. There’s also no specific referral program in place.
However, whenever anyone registers using your code and makes an optional first purchase, you get 15 Onyx Cash. This is unlike regular referral bonuses that reward both you and your referral, which makes it lacking.
Onyx Odds Social Betting Promo
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How to redeem your Onyx Cash winnings for prizes
Now it's time for the fun part, starting the Onyx Odds redemption process! Remember that you must have at least 20 Onyx Cash, which have been played through at least once. With this out of the way, here’s our detailed guide to help you get started:
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Log in to your Onyx Odds account and head to your wallet in the “Account’ section
-
Click the green “Redemption” button to be redirected to the redemption page
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Enter your redemption amount starting from 20 Onyx Cash
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Choose ACH banking, as that is the only option available, and enter your details
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Cross-check your request and ensure everything is correct before clicking “Complete.”
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Wait for your prize to reflect in your account
How long does it take to redeem prizes at Onyx Odds?
The Onyx Odds redemption time is between 1 and 7 business days. This is understandable since the operator only supports ACH bank transfers. You won’t find faster alternatives like gift card redemption, which is a bummer.
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Play with your favorite teams at Onyx odds
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Bet on the go at Onyx odds sports betting site
Conclusion: Enjoy seamless prize redemption at Onyx Odds
The Onyx Odds redemption process is easy, so long as you use the right steps like those we’ve covered in this guide. Remember that you need at least 20 SC, which must be played through at least once.
This is not a problem, though, as the operator offers over seven sports markets, including the NBA, NHL, and NFL. There's also the option to wager on events live, ensuring there is always an event available to use your Onyx Cash.
If you are ready to explore what this platform offers and enjoy fast redemptions, click on our banner to register and start making predictions.
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Onyx Odds redemption FAQs
⏳ How long does the Onyx Odds payout take?
Onyx Odds is a social sportsbook that lets you play using virtual currencies. As such, it does not let you make sports picks with real money or payout winnings in cash either. Instead, you make predictions using Onyx Coins for free play and Onyx Cash, which can be redeemed for real money prizes.
🎁 What bonuses are available at Onyx Odds?
The operator offers a few ongoing promotions, including an
Onyx Odds login bonus
for new players valued at 1,000 Onyx Coins, purchase boosts, and a mail-in bonus.
⏰ What is the Onyx Odds redemption time?
It takes up to 7 working days to redeem prizes at Onyx Odds. The operator only lets you redeem Onyx Cash winnings for prizes via ACH transfers, which explains the somewhat long processing time.
